Crunchfish Digital Cash pilot in India is scaling up
Crunchfish in partnership with HDFC Bank and another Indian bank are piloting offline payments in a project monitored by the Reserve Bank of India (RBI) in their Regulatory Sandbox program. HDFC Bank, one of the leading banks in the world, have launched a website that describes “OfflinePay - Payments that work, without any network”. The project has been scaled up significantly in terms of numbers of payers and merchants.
Online Real-time Payment Services, such as UPI in India and Swish in Sweden, are by design vulnerable to temporary outages; whether it is payer that cannot get